~WBXU - BarNone Acquisition
Our completed acquisition of BarNone, a well known consumer brand in the Auto industry, is the most exciting event in our company's history. Members of both our Management team and core staff have extensive experience in the Auto market, which we believe will be largely beneficial for our growth strategy. We have completed our corporate name change to BarNone, we are in process of revamping our corporate and dealer portal websites and applying for our ticker symbol change. In conjunction with our ticker symbol change application, we are also working on getting current with our SEC filings. Our primary goal is to scale the business. We have already made significant progress with immediate growth of its existing Auto industry assets.
The BarNone brand has been well known in the Auto industry since 1995 and it has an established consumer following. Identified by its TV commercials with their sock puppet mascot, the company has provided quality advertising services to its proprietary network of Auto dealers nationwide. Since we completed the acquisition in early May 2013, we have successfully grown the existing operation by approximately 200%. We believe that this growth will maintain pace as we continue add more Auto dealer customers to our network, and expand the services we offer them.
